NEW YORK (TheStreet) -- PPG Industries shares are up 1.01% to $229.57 in trading on Thursday following the release of the coatings company's first quarter earnings results before the opening bell today.The Pittsburgh-based company reported first quarter earnings of $321 million, or $2.37 per share, a 19.7% increase over the $1.98 the company reported earning during the same period last year, which came in ahead of the $2.33 per share analysts were expecting for the quarter. Revenue during the quarter increased 1% year over year to $3.7 billion, which fell just short of the $3.8 billion analysts forecast. TheStreet Ratings team rates PPG INDUSTRIES INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation: "We rate PPG INDUSTRIES INC (PPG) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income." Highlights from the analysis by TheStreet Ratings Team goes as follows: You can view the full analysis from the report here: PPG Ratings Report PPG data by YChartsMust Read: Warren Buffett's Top 25 Stocks for 2015
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